HSBC has signed a new five-year agreement with Marsh to provide broking services across, group risk, property, casualty, and other risk transfer solutions for its HSBC Commercial Banking customers.
The new five-year agreement builds on an 11-year relationship which began in 2010. The agreement covers seven markets including France, Hong Kong, mainland China, Mexico, Turkey, UK and US on insurance solutions for corporates.
Under the agreement, HSBC Commercial Banking customers will have access to insurance products not currently available through the HSBC portfolio.
Chris Lay, CEO, Marsh UK & Ireland says: “Insurance is a fundamental element of risk mitigation; it protects businesses against shocks and supports robust recoveries, should an incident occur. We are delighted to extend Marsh’s collaboration with HSBC as we continue to work together to provide solutions for their customers globally.”
Eric Emore, global head of international and partnerships at HSBC Life, says: “We are confident this agreement with Marsh will bring a more comprehensive suite of services and products to our customers, and offer best-in-class insurance solutions. We are excited to continue and extend our relationship.”
